Sukh aur Samridhi. Joy, happiness and prosperity are your ultimate desire, not only for yourself but also for your loved ones. Life insurance plans not only let you secure financial future of your loved ones, they also assist you in attaining prosperity.
Key Features:
Save Regularly
- Pay premiums either annually, half yearly, quarterly or monthly throughout the policy term.
- Save regularly by choosing your regular premiums and frequency of payment.
Maturity Benefit
- On survival till maturity, choices of maturity benefit option.
(a) ENHANCED COVER OPTION: Sum assured + Reversionary Bonus + any interim Bonus + any Terminal Bonus payable on maturity + Additional sum assured on unfortunate death before age of 99 years.
(b) ENHANCED CASH OPTION: Sum Assured + Reversionary Bonus + any interim Bonus + any Terminal Bonus + Enhanced Terminal Bonus, Policy terminates and no further benefits are payable.
PARTICIPATES IN PROFITS
- Get Reversionary Bonus (a percentage of the sum assured) declared at the end of each financial year.
- Once Added to the policy, the bonus guaranteed to be payable either on maturity or earlier death.
- The Reversionary Bonus is guaranteed to be at least equal to 3%p.a. for all bonuses declared till 31st March 2021.
- Terminal Bonus may be added to the policy at end of the policy term.
FINANCIAL PROTECTION TO YOUR FAMILY
- On unfortunate death, your family (nominee) will get the sum assured + attached bonuses.
- In case of death due to accident, an additional sum assured will be paid. The policy will terminate and no further benefits will be payable.
- Discount of 5% on the basic premium (i.e excluding policy fee and underwriting extra premiums) for policies with a sum assured of 5 lakh and more.
TAX BENEFITS
- Under Section 80C, premiums up to Rs.1, 00,000 are allowed as a deduction from your taxable income.
- Under section 10(10D), the benefits received from this policy are exempt from tax.
The above mentioned tax benefits are subject to changes in the tax laws
Indicative premiums & Illustrative maturity value for sum assured of Rs.3Lakhs
| Age(Yrs) | 35 years | 40 years | ||||
| Policy Term (Yrs) | Indicative premiums | You may get on Maturity | Indicative premiums | You may get on maturity | ||
| 15 | 24,725 | 10% | 6,28,330 | 25,706 | 10% | 6,28,330 |
| 15 | 24,725 | 6% | 4,45,825 | 25,706 | 6% | 4,45,825 |
| 20 | 18,548 | 10% | 7,86,821 | 18,920 | 10% | 7,86,821 |
| 20 | 18,548 | 6% | 4,86,702 | 18,920 | 6% | 4,86,702 |
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